The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
SDRL currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.
Some better-ranked stocks in the basic material sector include Helmerich & Payne, Inc. (HP), New Source Energy Partners L.P. (NSLP) and Patterson-UTI Energy Inc. (PTEN). All these stocks carry a Zacks Rank #1 (Strong Buy).
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